IPG Photonics Corporation Financial Ratios — IPGP Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	183.41	81.05	49.79	40.83	34	27.06	27.39	24.54	9.3	7.57	11.96	4.36	8.15	-6.71	1.18
Return on Assets (%)	22.43	19.29	15.92	17.64	18.18	16.08	16.72	16.35	6.8	5.63	9.12	3.72	8.04	-7.28	1.32
Return on Capital (%)	129.84	71.05	47.23	38.79	32.72	26.22	26.46	23.85	9.08	7.37	11.72	4.24	8.06	- -	1.17
Return on Invested Capital (%)	28.15	22.71	17.75	18.88	19.81	17.83	19.22	17.84	8.87	7.07	9.8	5.33	7.58	- -	0.76
Gross Margin (%)	54.22	54.17	52.45	54.11	54.58	54.89	56.56	54.82	46.11	44.89	47.67	38.85	42.08	34.61	38
EBITDA Margin (%)	41.44	42.02	38.92	40.63	42.37	41.77	44.73	40.93	29.45	27.16	30.74	22.52	23.39	7.77	8.96
Operating Margin (%)	36.39	37.38	34.05	36	37.67	36.65	40.14	35.43	22.13	19.28	24.15	16.19	17.99	1.48	2.3
Incremental Operating Margin (%)	53.14	42.69	12.2	46.35	47.43	27.95	48.86	-94.77	155.81	52.14	46.61	387.57	-0.11	69.96	32.21
Pretax Margin (%)	36.79	37.19	33.69	36.95	37.9	36.43	39.17	36.61	18.89	17.13	25.09	12.83	21.35	-16.57	4.49
Profit Margin (%)	24.82	25.78	24.04	26.04	26.87	25.92	24.67	27.68	13.71	13.29	19.06	7.69	17	-18.58	3.1
Net Income to Common Margin (%)	24.82	25.78	24.04	26.04	26.87	25.92	24.67	27.68	13.71	13.29	19.06	7.69	17	-18.58	3.1
Effective Tax Rate (%)	30.69	29.38	28.64	29.54	29.15	28.88	37.02	24.37	27.42	22.05	24.18	39.59	20.37	- -	31.04
Dvd Payout Ratio (%)	- -	22.16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	183.41	63.09	49.79	40.83	34	27.06	27.39	24.54	9.3	7.57	11.96	4.36	8.15	-6.71	1.18

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	24	18	16	36	20	41	49	45	47	44	58	38	18	18	17
ST Debt	9	4	5	16	2	3	4	4	9	10	24	21	5	5	5
LT Debt	16	14	11	20	18	38	45	42	38	34	35	17	14	13	12
Total Debt/EBITDA	0.12	0.08	0.06	0.11	0.05	0.1	0.08	0.08	0.12	0.13	0.13	0.12	0.06	0.24	0.19
Net Debt/EBITDA	-0.79	-1.55	-1.72	-1.56	-1.47	-1.39	-1.37	-0.84	-1.65	-2.57	-1.5	-2.12	-1.71	-8.17	-4.49
Total Debt/EBIT	0.14	0.09	0.07	0.13	0.06	0.11	0.09	0.09	0.16	0.19	0.16	0.16	0.08	1.24	0.75
Net Debt/EBIT	-0.9	-1.74	-1.96	-1.76	-1.66	-1.58	-1.52	-0.96	-2.19	-3.62	-1.91	-2.95	-2.22	-42.83	-17.51
EBITDA to Interest Expense	288.73	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	210.89	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	253.54	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	20.2	26.24	36.82	48.82	57.34	61.12	60.99	71.8	74.3	74.54	77.8	93.92	103.58	114.18	109.1
Long-Term Debt/Equity (%)	3.55	1.89	1.22	1.88	1.4	2.42	2.24	1.89	1.58	1.32	1.26	0.7	0.57	0.65	0.57
Long-Term Debt/Capital (%)	10.66	5.54	2.79	3.14	2.07	3.32	3.04	2.2	1.83	1.53	1.37	0.64	0.49	0.5	0.46
Long-Term Debt/Total Assets (%)	2.59	1.56	1.07	1.62	1.22	2.1	1.92	1.62	1.39	1.16	1.09	0.61	0.51	0.57	0.5
Total Debt/Equity (%)	5.5	2.42	1.72	3.4	1.56	2.62	2.42	2.06	1.96	1.69	2.12	1.6	0.76	0.89	0.81
Total Debt/Capital (%)	16.54	7.1	3.92	5.68	2.3	3.6	3.28	2.4	2.26	1.96	2.3	1.46	0.65	0.68	0.65
Total Debt/Total Assets (%)	4.01	2.01	1.5	2.94	1.35	2.28	2.07	1.76	1.72	1.49	1.83	1.39	0.68	0.78	0.71
Net Debt to Equity	-35.13	-49.28	-46.64	-46.49	-44.65	-37.43	-42.57	-22.62	-26.57	-32.31	-24.57	-28.6	-21.31	-30.63	-18.97
Net Debt/Capital (%)	476.38	279.23	1,029.24	-464.73	-207.22	-114.04	-147.68	-36.96	-45.72	-61.77	-37.16	-35.6	-22.39	-30.82	-17.88
EBITDA	197	236	252	313	382	420	630	598	387	326	449	322	301	76	90
EBITDA-CapEx	144	168	181	222	312	293	504	437	254	238	326	212	191	-23	11
Operating Income (Loss)	173	210	221	277	339	369	566	517	291	232	353	231	232	14	23

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.19	3.06	4.48	4.28	4.86	5.25	5.61	4.25	6.16	6.48	4.83	4.29	5.48	4.54	3.59
Current Ratio	4.64	5.3	7.86	7.32	7.78	8.22	8.82	7.35	9.88	10.01	7.49	7.23	8.91	6.98	6.08
Quick Ratio	3	3.83	5.52	5.45	5.92	6.23	6.8	5.29	7.41	7.71	5.67	5.06	6.5	5.37	4.36
CFO/Avg Current Liab	0.99	1.6	1.06	1.62	2	1.98	2.27	1.77	1.48	1.4	1.48	0.72	1.21	1.18	0.34
Common Equity/Total Assets	20.2	26.24	36.82	48.82	57.34	61.12	60.99	71.8	74.3	74.54	77.8	93.92	103.58	114.18	109.1
Long-Term Debt/Equity (%)	3.55	1.89	1.22	1.88	1.4	2.42	2.24	1.89	1.58	1.32	1.26	0.7	0.57	0.65	0.57
Long-Term Debt/Capital (%)	10.66	5.54	2.79	3.14	2.07	3.32	3.04	2.2	1.83	1.53	1.37	0.64	0.49	0.5	0.46
Long-Term Debt/Total Assets (%)	2.59	1.56	1.07	1.62	1.22	2.1	1.92	1.62	1.39	1.16	1.09	0.61	0.51	0.57	0.5
Total Debt/Equity (%)	5.5	2.42	1.72	3.4	1.56	2.62	2.42	2.06	1.96	1.69	2.12	1.6	0.76	0.89	0.81
Total Debt/Capital (%)	16.54	7.1	3.92	5.68	2.3	3.6	3.28	2.4	2.26	1.96	2.3	1.46	0.65	0.68	0.65
Total Debt/Total Assets (%)	4.01	2.01	1.5	2.94	1.35	2.28	2.07	1.76	1.72	1.49	1.83	1.39	0.68	0.78	0.71
CFO/Total Liabilities	53.09	114.88	89.58	109.6	136.69	128.17	117.53	106.81	98.64	83.53	92.06	59.41	104.4	93.62	25.44
CFO/CapEx	1.65	2.57	1.68	1.99	3.76	2.34	3.2	2.45	2.42	3.25	3.17	1.93	2.68	2.52	0.96
Altman's Z-Score	8.55	15.75	20.63	17.12	17.63	16.48	23.09	13.08	16.85	23.5	15.8	11	13.87	10.15	8.84

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	7.24	6.53	6.47	6.24	6.14	6.57	7.17	5.92	5.32	4.78	5.55	6.04	5.98	5.01	5.69
Days Sales Outstanding	50.45	55.93	56.45	58.53	59.45	55.57	50.93	61.6	68.58	76.42	65.77	60.44	61.01	72.87	64.16
Inventory Turnover	2.29	2.01	1.97	2.06	2.18	2.05	2.24	1.85	1.81	1.77	1.85	1.8	1.55	1.73	2.08
Days Inventory Outstanding	159.16	181.65	184.98	177.54	167.06	178	163.04	196.8	202.08	205.68	197.13	202.54	235.73	210.97	175.43
Accounts Payable Turnover	25.37	19.4	18.66	19.57	20.35	18	21.56	21.16	21.55	24.34	21.09	18.08	18.44	14.68	17.43
Accounts Payable Turnover Days	14.39	18.81	19.56	18.65	17.94	20.28	16.93	17.25	16.94	15	17.31	20.19	19.79	24.86	20.94
Cash Conversion Cycle	195.22	218.76	221.86	217.43	208.57	213.29	197.04	241.15	253.72	267.11	245.59	242.79	276.95	258.98	218.65
Inventory to Cash Days	-108.72	-125.72	-128.53	-119	-107.61	-122.43	-112.11	-135.2	-133.5	-129.26	-131.36	-142.09	-174.72	-138.09	-111.27
Inventories	117	140	173	171	204	239	308	404	381	365	461	509	454	285	313
Raw Materials	41	53	55	55	70	93	145	234	200	191	270	323	264	150	155
Work In Process	40	46	65	59	43	45	44	66	50	47	33	19	48	29	45
Finished Goods	35	40	53	57	90	101	119	103	131	127	158	168	142	106	113
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,604	3,364	4,001	3,904	4,697	5,238	11,455	6,064	7,690	11,902	9,194	4,806	5,118	3,224	3,032
- Cash & Cash Equivalents	180	384	449	522	583	624	910	544	680	876	709	698	515	620	404
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	1	- -	- -	1	1	1	1	- -	- -	- -	- -
+ Total Debt	24	18	16	36	20	41	49	45	47	44	58	38	18	18	17
Enterprise Value	1,423	2,998	3,568	3,417	4,028	4,449	10,388	5,065	6,555	10,556	7,738	3,666	3,959	2,312	2,210
Total Capital	148	253	407	627	854	1,135	1,493	1,895	2,076	2,233	2,525	2,615	2,814	2,632	2,662
Total Debt/Capital (%)	16.54	7.1	3.92	5.68	2.3	3.6	3.28	2.4	2.26	1.96	2.3	1.46	0.65	0.68	0.65
Total Debt / EV	0.02	0.01	- -	0.01	- -	0.01	- -	0.01	0.01	- -	0.01	0.01	- -	0.01	0.01
EV/Sales	3	5.33	5.51	4.44	4.47	4.42	7.37	3.47	4.99	8.79	5.3	2.56	3.08	2.37	2.2
EV/EBITDA	7.24	12.68	14.15	10.93	10.55	10.58	16.48	8.48	16.93	32.38	17.23	11.39	13.14	30.45	24.58
EV/EBIT	8.24	14.26	16.17	12.33	11.87	12.06	18.37	9.79	22.53	45.6	21.94	15.84	17.1	159.69	95.83
EV/Cash Flow to Firm	16.21	17.11	29.89	18.97	15.29	14.94	25.62	12.88	20.26	37	19.86	17.24	13.38	9.33	29.33
EV/Free Cash Flow to Firm	10.11	12.31	18.75	12.62	12.08	10.47	19.53	9.15	14.34	28.3	15.09	11.36	9.74	6.67	14.34
Diluted Market Cap	1,649	3,435	4,065	3,958	4,764	5,310	11,713	6,200	7,802	12,037	9,284	4,821	5,136	3,224	3,054
Diluted Enterprise Value	1,493	3,069	3,632	3,471	4,202	4,727	10,852	5,702	7,170	11,205	8,633	4,161	4,640	2,622	2,667
EV per Share	30.05	59.4	69.21	65.58	76.47	83.83	194.18	94.63	123.53	198.48	144.88	72.22	83.96	52.14	52.19
TTM Sales	474	563	648	770	901	1,006	1,409	1,460	1,315	1,201	1,461	1,430	1,287	977	1,004
TTM EBITDA	197	236	252	313	382	420	630	598	387	326	449	322	301	76	90
TTM Operating Income	173	210	221	277	339	369	566	517	291	232	353	231	232	14	23
TTM Cash Flow to Firm	88	175	119	180	263	298	405	393	324	285	390	213	296	248	75
TTM Free Cash Flow to Firm	141	243	190	271	334	425	532	554	457	373	513	323	406	346	154

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	11.75	14.11	21.36	14.62	14.28	12.5	22.02	11.2	17.07	32.27	18.1	14.94	12.64	9.31	19.81
EV/EBIT	8.24	14.26	16.17	12.33	11.87	12.06	18.37	9.79	22.53	45.6	21.94	15.84	17.1	159.69	95.83
Enterprise Value	1,423	2,998	3,568	3,417	4,028	4,449	10,388	5,065	6,555	10,556	7,738	3,666	3,959	2,312	2,210
Low Price	29.37	34.67	53.28	60.31	69.86	73.55	95.04	104.64	107.52	98.04	151.27	79.88	83	61.86	48.59
EV/Sales	3	5.33	5.51	4.44	4.47	4.42	7.37	3.47	4.99	8.79	5.3	2.56	3.08	2.37	2.2
EV/EBITDA	7.24	12.68	14.15	10.93	10.55	10.58	16.48	8.48	16.93	32.38	17.23	11.39	13.14	30.45	24.58
Price/Earnings	13.62	23.2	25.68	19.47	19.4	20.09	32.95	15.01	42.66	74.59	33.02	43.72	23.38	- -	97.5
Price/Earnings Average	21.7	18.52	20.85	17.94	19.08	17.79	24.1	26.51	41.53	53.31	37.65	48.54	23.87	-20.23	98.71
Price/Earnings High	31.61	23.32	26.14	20.27	22.29	20.94	38.2	34.99	53.63	75.69	50.37	81.58	30.56	-26.4	125.57
Price/Earnings Low	11.81	12.07	17.63	15.68	15.2	14.97	14.63	13.86	31.65	32.68	29.02	36.89	17.88	-15.11	66.17
Price/Book Value	13.06	14.32	10.24	6.6	5.64	4.79	7.93	3.28	3.79	5.44	3.73	1.87	1.83	1.23	1.15
Price/Book Value Average	20.8	11.43	8.31	6.08	5.54	4.24	5.8	5.79	3.69	3.89	4.25	2.07	1.87	1.41	1.16
Price/Book Value High	30.3	14.39	10.42	6.87	6.48	4.99	9.2	7.65	4.76	5.52	5.69	3.48	2.39	1.83	1.48
Price/Book Value Low	11.32	7.45	7.03	5.32	4.42	3.57	3.52	3.03	2.81	2.38	3.28	1.57	1.4	1.05	0.78
Price/Tangible Book Value	3.67	4.59	4.36	3.76	3.76	3.47	5.98	3	3.42	4.78	3.46	2.08	2.18	1.7	1.51
Price/Tangible Book Value Average	5.84	3.67	3.54	3.47	3.7	3.07	4.37	5.31	3.33	3.42	3.95	2.31	2.22	1.93	1.53
Price/Tangible Book Value High	8.51	4.62	4.44	3.92	4.33	3.62	6.93	7	4.3	4.85	5.28	3.88	2.85	2.52	1.95
Price/Tangible Book Value Low	3.18	2.39	2.99	3.03	2.95	2.59	2.65	2.77	2.54	2.09	3.04	1.75	1.67	1.44	1.03
Price/Sales	3.38	5.98	6.17	5.07	5.21	5.21	8.13	4.15	5.85	9.91	6.29	3.36	3.98	3.3	3.02
Price/Sales Average	5.39	4.77	5.01	4.67	5.13	4.61	5.95	7.34	5.69	7.08	7.17	3.73	4.06	3.76	3.06
Price/Sales High	7.85	6.01	6.28	5.28	5.99	5.43	9.43	9.68	7.35	10.06	9.6	6.27	5.2	4.9	3.89
Price/Sales Low	2.93	3.11	4.24	4.08	4.08	3.88	3.61	3.84	4.34	4.34	5.53	2.84	3.04	2.81	2.05
Price/Cash Flow	18.37	19.19	33.52	21.67	17.83	17.6	28.26	15.42	23.77	41.71	23.59	22.6	17.29	13.01	40.24
Price/Cash Flow Average	29.26	15.32	27.21	19.97	17.53	15.58	20.67	27.23	23.13	29.81	26.9	25.09	17.65	14.81	40.74
Price/Cash Flow High	42.61	19.3	34.12	22.56	20.49	18.34	32.76	35.94	29.88	42.33	35.98	42.16	22.6	19.33	51.82
Price/Cash Flow Low	15.93	9.98	23.01	17.45	13.97	13.11	12.54	14.24	17.63	18.27	20.73	19.07	13.22	11.06	27.31
Price/Free Cash Flow Average	18.71	11.26	17.34	13.47	14.05	11.07	16.1	19.78	16.62	23.06	20.64	16.58	12.9	10.6	20.06
Price/Free Cash Flow High	27.26	14.18	21.74	15.22	16.41	13.03	25.53	26.11	21.46	32.74	27.61	27.87	16.51	13.83	25.51
Price/Free Cash Flow Low	10.19	7.34	14.66	11.77	11.19	9.32	9.77	10.34	12.67	14.14	15.91	12.6	9.66	7.92	13.44
EV/Sales Average	5.06	4.12	4.34	4.04	4.5	4.03	5.34	6.99	5.21	6.39	6.73	3.27	3.67	3.14	2.67
EV/Sales High	7.52	5.36	5.62	4.65	5.37	4.85	8.81	9.34	6.87	9.37	9.15	5.81	4.81	4.29	3.5
EV/Sales Low	2.6	2.46	3.57	3.45	3.46	3.3	3	3.49	3.86	3.65	5.09	2.37	2.65	2.19	1.66
EV/EBITDA Average	12.21	9.81	11.16	9.95	10.63	9.65	11.93	17.09	17.7	23.54	21.89	14.52	15.7	40.44	29.84
EV/EBITDA High	18.14	12.76	14.43	11.44	12.67	11.61	19.71	22.82	23.33	34.49	29.78	25.8	20.56	55.19	39.13
EV/EBITDA Low	6.28	5.85	9.17	8.49	8.17	7.9	6.7	8.54	13.1	13.44	16.54	10.54	11.35	28.19	18.58
EV/EBIT Average	13.9	11.03	12.76	11.22	11.95	11	13.29	19.74	23.56	33.15	27.87	20.2	20.42	212.09	116.35
EV/EBIT High	20.66	14.34	16.49	12.91	14.25	13.23	21.96	26.37	31.06	48.58	37.91	35.89	26.74	289.44	152.57
EV/EBIT Low	7.16	6.58	10.48	9.58	9.19	9	7.47	9.86	17.44	18.93	21.06	14.67	14.76	147.86	72.47
Last Price	33.87	66.65	77.61	74.92	89.16	98.71	214.13	113.29	144.92	223.79	172.14	94.67	108.54	72.72	71.6
High Price	78.59	67	79	77.99	102.49	102.9	248.23	264.11	182.17	227.09	262.55	176.63	141.85	108.09	92.21
Enterprise Value Average	2,400	2,319	2,815	3,110	4,058	4,055	7,517	10,211	6,852	7,675	9,831	4,675	4,728	3,070	2,683
Enterprise Value High	3,567	3,016	3,639	3,577	4,837	4,878	12,418	13,637	9,034	11,247	13,373	8,306	6,192	4,190	3,518
Enterprise Value Low	1,236	1,384	2,314	2,656	3,118	3,320	4,223	5,102	5,073	4,383	7,429	3,394	3,417	2,141	1,671

Shares Outstanding	48	51	52	52	53	53	54	53	53	53	53	48	46	43	42
Diluted Weighted Avg Shares	49	52	52	53	53	54	55	55	54	54	54	51	47	44	43
Basic Weighted Avg Shares	47	50	52	52	53	53	53	54	53	53	53	51	47	44	42
Revenue per Share	10.02	11.14	12.57	14.77	17.11	18.96	26.34	27.28	24.77	22.58	27.35	28.16	27.3	22.04	23.7
EBITDA per Share	4.15	4.68	4.89	6	7.25	7.92	11.78	11.16	7.3	6.13	8.41	6.34	6.39	1.71	2.12
Operating Income per Share	3.65	4.17	4.28	5.32	6.44	6.95	10.57	9.66	5.48	4.35	6.6	4.56	4.91	0.33	0.54
Basic EPS, GAAP	2.49	2.87	3.02	3.85	4.6	4.91	6.5	7.55	3.4	3	5.21	2.17	4.64	-4.09	0.73
Basic EPS from Cont Ops	2.55	2.93	3.02	3.85	4.59	4.91	6.5	7.55	3.4	3.01	5.2	2.18	4.64	-4.09	0.73
Diluted EPS, GAAP	2.42	2.81	2.97	3.79	4.53	4.85	6.36	7.38	3.35	2.97	5.16	2.16	4.63	-4.09	0.73
Diluted EPS from Cont Ops	2.49	2.87	2.97	3.79	4.53	4.85	6.35	7.39	3.35	2.98	5.15	2.18	4.63	-4.09	0.73
Dividend per Share	- -	0.66	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.84	3.47	2.32	3.46	5	5.61	7.58	7.35	6.1	5.36	7.3	4.19	6.28	5.59	1.78
Free Cash Flow per Basic Share	0.73	2.12	0.94	1.72	3.67	3.22	5.21	4.35	3.58	3.72	4.99	2.02	3.93	3.37	-0.08
Cash & Equivalents per Share	4.34	7.61	8.71	10.02	13.08	15.65	20.86	19.52	22.29	26.15	28.36	23.2	24.97	20.98	19.82
Book Value per Share	2.59	4.66	7.58	11.35	15.82	20.62	26.99	34.54	38.23	41.14	46.18	50.76	59.28	58.96	62.46
Tangible Book Value per Share	9.24	14.51	17.81	19.9	23.7	28.44	35.8	37.71	42.33	46.83	49.73	45.56	49.85	42.9	47.38

IPG Photonics Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)